The Sunset Hills development project, at the US $1.3 billion Al Areen project – Bahrain, has completed its first and second phases ahead of schedule.
The $100 million project, which is a 50/50 joint venture between Abu Dhabi Investment house (ADIH) and Kuwaiti investment firm Sorouh Investments, has successfully completed enabling works and site leveling, paving the way for infrastructure works to be started next week.
Scheduled for completion in 2009, Sunset Hills occupies a land size of 200,000 square meters in Bahrain's landmark Al Areen Development, situated in the development southern gateway.
When it is completed, Sunset Hills will house 300 real estate units, including villas, town houses and luxury apartments. Multipurpose buildings are also planned for the development. Additionally, future Sunset Hills residents will benefit from the facilities and attractions around the project such as the renowned Banyan Tree Resort, the Delmon Water-park, the Bahrain International Circuit, future shopping district and many more.
Shaikh Mohamed bin Daij Al Khalifa, newly appointed Chairman of Sunset Hills,
said, "We launched Sunset Hills in 2007 with an ambitious timeframe for completion. This latest milestone places us well on track for meeting our targets.
"The interest we have received so far from our clients is highly encouraging and we are confident that Sunset Hills will not only leverage Al Areen's success, but will further enhance its value proposition."
© 2007 Al Bawaba (www.albawaba.com)
